Commerce international et finance
SEZs and economic transformation: towards a developmental approach
This study presents a three-pillared analytical framework for the success factors and development outcomes of special economic zones (SEZs). The core argument is that countries that adopt a well-structured approach towards SEZs that they can align with the broader development strategy, executive effectively, and continuously evaluate and manoeuvre over time, are more successful in achieving SEZ-led economic transformation than others. This requires strategic bureaucratic competencies to make the right choices and set clear strategic directions; strategic bureaucratic learning to dynamically and interactively engage in adjusting the strategies when needed; and strategic bureaucratic strengths to implement the strategy effectively. These elements in turn need an effective political leadership with a strong development focus that can energise and motivate bureaucracies. The study revisits the experience of successful, not-so-successful and least successful countries across the globe within this framework and concludes by raising some pertinent concerns about SEZ-led development strategy that emerge from the analysis.
Creating an inclusive digital economy is vital to achieving the SDGs
Since the birth of the World Wide Web in 1990 the world has witnessed the beginning of an extraordinary fourth wave of industrialization. Information and communication technologies (ICTs) from computers and smartphones to mobile apps, networked smart sensors, web-enabled drones and cars now pervade the personal and professional lives of those living in the industrialized world.
Why labour-intensive business is the future of job creation
The battle against unemployment continues to rage and nowhere more so than in developing economies. There is good reason for that. For example, in Africa more youths will enter the labour market in the next 15 years than in the rest of the world combined. Systemic change is needed to reverse the trend of jobless growth by shifting focus from labour to resource productivity to re-design employment markets fit for the 21st century.
